SMC Special Update and Monday Update 5-6-24

05/06/2024


Comments (3)
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jshemanski49196
jshemanski49196

Peter, the Web App is showing a higher projection on the 100/100 offset for the ES. The NQ has higher projections on the daily, as well. However, today you indicated that we are at or near all upside projections. Could you please clarify this??

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daniel039209
daniel039209

also, unclear to me at least, is on Thursday update the 7-8 projection SPX closing basis was 5133--5151 . NOW it is much higher. 5150-5196...?? how are you supposed to take action on projections that keep moving .. ANd the 12-13 offset is 5264 SPX...that is a huge leap. And yes, that one is the beginning of "significant declines" I re read some of Hussmansi missives: while he tries to provide data that is "just the facts" he has been warning leaned against the market from late 2022. And adding fuel to bears fire again in late 2023. Bear herd mentality. Overtime , is the absolute wrong thing to be. Intellectual honesty is what everyone wants. Be bearish BUT dont stay bearish for 18 months especially when the market has huge gains. Makes no sense.

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daniel039209
daniel039209

okay today, adding to the huge gains spx 240+ and NDX over 1100 since April 19th....when does the significant decline start> 5196 spx? into the last line of projections? until new ones are revealed? Its "Groundhog Day" , the movie

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